Binary options for 60 seconds
In general I think trading 60 seconds profitably is near impossible but that is what provides a lot of the challenge.
That and the fact that trading is just plain challenging by itself. Over the past almost three years I have read a lot of strategies, reviewed a lot of indicators and examined untold numbers of systems.
Most of which are completely useless for trading 60 second options simply because the reaction time between the signal and you executing the trade is just to long. It is not too difficult to master but does require a little experience.
Basically, I use the hourly charts to set trend.
You can do this in a number of ways but in general you will want to choose a market that is trending fairly strongly in this time frame. You may want to start with a daily chart, look for a good trend, then move down to the hourly chart and begin to look for the trade.
My 60 Second Binary Options Strategy
I use stochastic, MACD and trend lines to make this assessment. These will help you to pinpoint your entries and also to keep you out of trades with a higher potential for loss.
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- Remember that generally the riskier and faster paced an investment is, the more you need to understand the investment before getting involved.
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I will include links to other relevant articles at binary options for 60 seconds bottom of this page which will help you fine tune this strategy. Use candlestick set up, identify trend and confirm with trend lines, MACD, Stochastic or other oscillator.
Also draw in potential areas for support and resistance.
Draw lines on this chart in BLUE. Trend here can be up, down or sideways.
60 Second Binary Options Strategies Explained
Use MACD, stochastic and other oscillators to confirm. If the daily is trending up, only trade the uptrend on the hourly chart.
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The same if the daily chart trend is down, only trade the downtrend on the hourly chart. If the daily chart is trending sideways, at a peak or trough let the hourly chart be your guide.
If the trend has been determined as up, only trade bullish signals and vice versa for down trends.